Biden Targeting Crypto Miners

The White House says that crypto mining operations could get in the way of climate change efforts and that they may have to do something about crypto miners.

Interesting…

The White House said that “electricity usage from digital assets is contributing to GHG emissions, additional pollution, noise, and other local impacts, depending on markets, policies, and local electricity sources.”

Recent studies show that cryptocurrencies use less than half the energy of traditional banking. But crypto, which is decentralized and out of government reach by definition, well, you can see why the government would want to intervene. For the earth, of course.

Related Articles

Join the mailing list

Get the daily email that makes reading the investment news actually enjoyable.

Related Articles

Redacted is an independent platform, unencumbered by external factors or restrictive policies, on which Clayton and Natali Morris bring you quality information, balanced reporting, constructive debate, and thoughtful narratives.